Chicago -- (April, 2014) -- Madison Street Capital, LLC (Madison Street Capital) acted as the exclusive financial advisor to Louisiana Land & Water Company (LLWC) in its sale to Greater Ouachita Water Company, a water/waste water utility company in North Eastern Louisiana. The announcement was made today by Charles Botchway, Chief Executive Officer of Madison Street Capital. The transaction team was led by Jay Rodgers, Managing Director at Madison Street Capital. Terms of the deal were not disclosed.
“This deal represents a major change to the water/waste water utility industry in Louisiana,” said Charles Botchway, CEO of Madison Street Capital. “We are very pleased with the outcome, both for the companies involved as well as the community as a whole.”
Louisiana Land & Water Company was a family-owned supplier of water and water treatment systems that served the Northeast portion of Louisiana. LLWC served 9 parishes and more than 7,500 families since it began operations in 1953 as West Monroe Realty Company, and helped develop 20 suburban and rural subdivisions by providing services that included earth moving, street construction, and underground infrastructure. It later changed its name to Bayou Utilities before transitioning into LLWC.
“Greater Ouachita Water Company’s acquisition of Louisiana Land & Water Company is a win-win for both companies as well as their customers,” said Jay Rodgers, Managing Director at Madison Street Capital. “This deal is several years in the making, and thanks to the extraordinary efforts of Attorneys for the family and company, Jim Roundtree and Alan Miller, we were able to bring this situation to a successful resolution.”
About Madison Street Capital, LLC:
Madison Street Capital is an international investment banking firm that provides mergers and acquisition advisory, financing services, valuation and financial opinion services, and restructuring services to public and private businesses as including asset managers. MSC has focused expertise in partnering with middle-market firms to successfully navigate complex transactions and successfully assist clients in optimizing their potential. MSC’s experienced professionals serve clients across the globe from offices in North America, Asia, and Africa. For more information call us 312 529 7000 or visit our website at: www.madisonstreetcapital.com.